Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; A New Form ITR 2A Proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business/Profession or Foreign Asset/Foreign Income; In Form ITR 2 and the New Form ITR 2A, the […]

Which ITR to File for Assessment Year 2014-15? Time has come to file your income tax return but which ITR form to use is still a big confusion for many taxpayers especially for the first timers. Every year Income Tax Department releases ITR forms which are to be used in filing tax. There are various […]

Key Changes in Income Tax Return Form for Asst. Year 2014-15 i.e. FY 2013-14 Every year Income Tax Forms (commonly known as ITR) are issued afresh valid for a particular assessment year. A perusal of the ITRs of this year also pointed out significant number of changes or additional fields have been inserted in the […]

Choosing Income Tax Return form Having Income from more than one source? Got Confused which ITR to fill? With an intention to simplify and make e-filing procedure easy CBDT has issued 8 ITR forms covering all the assessees having various sources of income. Generally salaried individual is required to file return in ITR-1 or ITR-2, […]

E-Filing 0f ITR-1 and ITR-4S for AY 2013-14 Excel utility for Income tax return Sahaj (ITR-1) and Sugam (ITR-4S) are now available for download and return e-filing. Income Tax form in pdf format is already available on 01.05.2013 through notification 34/2013 Download: PDF Income Tax Return Form for AY 2013-14 ITR Form Name ITR Form Description Download Form […]

New Income Tax Return forms for assessment year 2013-14 have been released by Income Tax department vide NOTIFICATION NO.34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E), DATED 1-5-2013 with few amendments. Income-tax (3rd Amendment) Rules, 2013 redefine the conditions and eligibility to choose from a variety of Income-tax return forms. New Forms ITR-1 (Sahaj), ITR-2, ITR-3, ITR-4 and ITR-4S (Sugam) […]

CBDT mandates e-filing of audit report and return with 5 lacs income; no more ITR 1 if Sec. 10 benefit exceeds 5k Income-tax (3rd Amendment) Rules, 2013 redefine the conditions and eligibility to choose from a variety of Income-tax return forms. In addition, certain important amendments have also been made in, which are as follows: […]